Zacks: Analysts Anticipate PACCAR Inc (PCAR) to Post $1.28 EPS

Equities analysts predict that PACCAR Inc (NASDAQ:PCAR) will report $1.28 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for PACCAR’s earnings, with the lowest EPS estimate coming in at $1.13 and the highest estimate coming in at $1.35. PACCAR reported earnings per share of $0.88 during the same quarter last year, which suggests a positive year-over-year growth rate of 45.5%. The business is scheduled to announce its next earnings results on Tuesday, April 24th.

On average, analysts expect that PACCAR will report full-year earnings of $5.21 per share for the current fiscal year, with EPS estimates ranging from $4.52 to $5.66. For the next year, analysts forecast that the firm will report earnings of $5.41 per share, with EPS estimates ranging from $4.70 to $5.85. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover PACCAR.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, January 30th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.06. The business had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $4.87 billion. PACCAR had a return on equity of 19.65% and a net margin of 8.61%. The business’s revenue was up 36.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 EPS.

A number of research firms recently commented on PCAR. Stifel Nicolaus reiterated a “hold” rating and set a $75.00 price objective on shares of PACCAR in a research report on Monday. Buckingham Research lifted their price objective on PACCAR from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Credit Suisse Group dropped their price objective on PACCAR from $75.00 to $74.00 and set a “neutral” rating for the company in a research report on Wednesday, January 31st. Zacks Investment Research upgraded PACCAR from a “hold” rating to a “strong-buy” rating and set a $86.00 price objective for the company in a research report on Friday. Finally, Wells Fargo & Co dropped their price objective on PACCAR from $77.00 to $75.00 and set a “market perform” rating for the company in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $76.58.

PACCAR (PCAR) opened at $69.20 on Tuesday. The stock has a market capitalization of $25,540.68, a price-to-earnings ratio of 14.57, a PEG ratio of 1.39 and a beta of 1.22. PACCAR has a one year low of $61.93 and a one year high of $79.69. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.90 and a current ratio of 1.08.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Monday, February 12th. PACCAR’s dividend payout ratio (DPR) is 21.05%.

In other PACCAR news, VP C Michael Dozier sold 3,618 shares of PACCAR stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $69.02, for a total value of $249,714.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.64% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Koch Industries Inc. purchased a new stake in PACCAR in the 2nd quarter valued at about $213,000. BlueCrest Capital Management Ltd purchased a new stake in PACCAR in the 2nd quarter valued at about $2,395,000. Shell Asset Management Co. grew its holdings in PACCAR by 237.7% in the 3rd quarter. Shell Asset Management Co. now owns 74,902 shares of the company’s stock valued at $4,260,000 after buying an additional 52,722 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in PACCAR by 18.3% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 59,664 shares of the company’s stock valued at $4,316,000 after buying an additional 9,219 shares during the period. Finally, 361 Capital LLC purchased a new stake in PACCAR in the 3rd quarter valued at about $919,000. Institutional investors own 62.37% of the company’s stock.

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PACCAR Company Profile

PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.

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Earnings History and Estimates for PACCAR (NASDAQ:PCAR)

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